Can I retire at age 66 with 1,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$148,642$147,318$146,027$144,766$143,535$141,448
2 years$73,585$72,215$70,887$69,599$68,350$66,252
3 years$48,570$47,193$45,868$44,593$43,364$41,320
4 years$36,064$34,692$33,380$32,127$30,928$28,953
5 years$28,563$27,199$25,905$24,676$23,511$21,612
6 years$23,564$22,210$20,935$19,734$18,603$16,782
7 years$19,994$18,652$17,397$16,224$15,129$13,387
8 years$17,318$15,988$14,754$13,610$12,551$10,887
9 years$15,238$13,921$12,708$11,593$10,570$8,983
10 years$13,575$12,270$11,079$9,993$9,006$7,495
11 years$12,215$10,924$9,754$8,697$7,746$6,309
12 years$11,083$9,804$8,656$7,628$6,712$5,348
13 years$10,125$8,860$7,734$6,735$5,853$4,560
14 years$9,305$8,054$6,949$5,978$5,131$3,907
15 years$8,595$7,357$6,274$5,332$4,518$3,360
16 years$7,975$6,750$5,688$4,774$3,993$2,900
17 years$7,428$6,217$5,176$4,289$3,540$2,510
18 years$6,942$5,744$4,725$3,866$3,148$2,177
19 years$6,508$5,324$4,325$3,493$2,806$1,893
20 years$6,118$4,947$3,970$3,163$2,506$1,648
21 years$5,765$4,608$3,651$2,871$2,243$1,437
22 years$5,445$4,302$3,365$2,610$2,010$1,255
23 years$5,153$4,023$3,107$2,377$1,804$1,097
24 years$4,886$3,769$2,874$2,168$1,622$960
25 years$4,641$3,537$2,662$1,980$1,459$841
26 years$4,415$3,325$2,468$1,811$1,315$737
27 years$4,206$3,129$2,292$1,657$1,185$646
28 years$4,012$2,948$2,131$1,518$1,069$567
29 years$3,832$2,781$1,983$1,392$966$498
30 years$3,664$2,627$1,847$1,278$873$437
31 years$3,507$2,483$1,722$1,174$789$384
32 years$3,361$2,350$1,607$1,079$714$338
33 years$3,224$2,225$1,500$992$646$297
34 years$3,095$2,109$1,402$913$585$261
35 years$2,973$2,000$1,310$840$530$230
36 years$2,859$1,898$1,226$774$480$202
37 years$2,751$1,803$1,147$713$435$178
38 years$2,649$1,714$1,074$657$394$157
39 years$2,552$1,629$1,007$606$358$138
40 years$2,461$1,550$944$559$324$121
41 years$2,374$1,476$885$516$294$107
42 years$2,292$1,405$830$476$267$94
43 years$2,213$1,339$779$439$242$83
44 years$2,139$1,276$731$406$220$73
45 years$2,068$1,217$686$375$200$64
46 years$2,000$1,161$645$346$181$57
47 years$1,935$1,108$606$320$165$50
48 years$1,873$1,058$569$295$149$44
49 years$1,814$1,010$535$273$136$39
50 years$1,757$965$503$252$123$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,800,000, adding $6,104 every year, while hoping to spend $48,088 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 56/24/20 Blend
65$1,800,000$1,800,000$1,800,000$1,800,000
66$1,989,896$1,894,496$1,866,596$2,090,313
67$2,141,700$1,936,161$1,877,962$2,201,176
68$2,307,377$1,978,256$1,888,097$2,316,233
69$2,488,290$2,020,751$1,896,909$2,440,523
70$2,685,941$2,063,614$1,904,301$2,574,947
71$2,901,984$2,106,808$1,910,172$2,720,493
72$3,138,239$2,150,294$1,914,415$2,878,253
73$3,396,709$2,194,028$1,916,918$3,049,431
74$3,679,603$2,237,965$1,917,563$3,235,351
75$3,989,348$2,282,051$1,916,228$3,437,476
76$4,328,623$2,326,233$1,912,783$3,657,416
77$4,700,372$2,370,448$1,907,091$3,896,947
78$5,107,843$2,414,633$1,899,011$4,158,025
79$5,554,608$2,458,715$1,888,393$4,442,808
80$6,044,606$2,502,619$1,875,082$4,753,673
81$6,582,170$2,546,263$1,858,912$5,093,243
82$7,172,079$2,589,556$1,839,713$5,464,406
83$7,819,591$2,632,405$1,817,303$5,870,349
84$8,530,503$2,674,707$1,791,497$6,314,582
85$9,311,197$2,716,350$1,762,094$6,800,977
86$10,168,705$2,757,217$1,728,891$7,333,801
87$11,110,774$2,797,182$1,691,669$7,917,758
88$12,145,937$2,836,107$1,650,204$8,558,033
89$13,283,595$2,873,849$1,604,258$9,260,343
90$14,534,105$2,910,252$1,553,585$10,030,990
91$15,908,879$2,945,149$1,497,925$10,876,919
92$17,420,487$2,978,363$1,437,007$11,805,790
93$19,082,779$3,009,705$1,370,550$12,826,042
94$20,911,015$3,038,974$1,298,256$13,946,981
95$22,922,007$3,065,952$1,219,816$15,178,865
96$25,134,280$3,090,412$1,134,908$16,533,001
97$27,568,244$3,112,109$1,043,194$18,021,853
98$30,246,384$3,130,782$944,321$19,659,160
99$33,193,480$3,146,155$837,921$21,460,067
100$36,436,831$3,157,933$723,607$23,441,270